KHC.US
id: 588
Kraft Heinz $62.3M Fair Fund Securities Settlement
$62,314,211
Cash Settlement3-20523
Case number02/26/2016
Class period Start02/21/2019
Class period End06/21/2023
Claim deadlineKraft Heinz ($KHC) and the SEC have agreed to a $62.3 million settlement through the Fair Fund for allegations of accounting misconduct, specifically the improper reduction of COGS leading to inflated EBITDA.
Case Type
SEC Fair Fund
Case Status
Distribution Preparation
Alleged Offence
Misleading Statements,
Financial Misrepresentation,
Failure to Disclose,
Omissions
Suspected Party
Directors,
Management
Security Type
Stocks
Trade Direction
Long
Payout per Share
0.11
Plaintiffs
SEC
Administrator
RCB Fund Services
Trades matching type
FIFO